Perpetual signed an exclusivity arrangement with Bain Capital as talks advance over a potential sale of the Australian firm’s wealth management business https://t.co/8LpgL4ey91 ...

Core Insights - The article discusses the potential for integrating annuities into 401(k) plans as a solution to the retirement savings gap, emphasizing the need for consumer education and product innovation [2]. Group 1: Regulatory Changes - The Department of Labor is implementing President Trump's directive to allow alternative assets in 401(k) plans, although progress has been hindered by a government shutdown [2]. - In August, the Department rescinded a statement from the Biden administration that discouraged fiduciaries from including alternative investments in employer-sponsored retirement plans [2].

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Merit Financial’s latest addition is a Wisconsin-based firm managing $715 million in assets.  The deal to buy Mennenga Tax & Financial comes on the heels of Constellation Wealth Capital’s minority stake in the Georgia-based firm announced this summer.  It is Merit’s 51st acquisition, with Merit Managing Principal Zach Mersberger saying the agreement reflects the firm’s “continued f ...

Group 1 - Hong Kong aims to become one of the world's largest wealth management centers in the coming years, supported by favorable policies for capital and family offices [1] - The establishment of a global gold trading market in Hong Kong is expected to enhance the efficiency of gold trading and its role as a reserve asset amid increasing global demand [1] - Hong Kong's stability is emphasized as a reliable partner for global investors and enterprises seeking asset diversification and risk reduction [1] Group 2 - Hong Kong's financial market has shown positive progress, with IPO financing exceeding $26 billion this year, ranking first globally with 80 companies listed on the main board [2] - The Hong Kong government is reforming the listing system to optimize the financing environment for overseas companies and promote RMB-denominated stock trading [2] - A roadmap for the development of fixed income and currency markets was released in September, aimed at attracting primary market issuances and enhancing secondary market liquidity [2] Group 3 - The Asian Infrastructure Investment Bank (AIIB) will establish an office in Hong Kong, leveraging the city's financial diversity to provide comprehensive services [2] - The past year has presented challenges in the financial environment, with macroeconomic changes, slow economic growth, and rising government debt [2][3] - The rise of artificial intelligence and cryptocurrencies poses new challenges and dimensions for traditional financial intermediation, necessitating close monitoring of market dynamics by financial leaders [3]

UBS Group’s chairman blasted his home market of Switzerland as losing its luster as a wealth management hub to Hong Kong and Singapore, while also warning against looming risks in the US insurance industry https://t.co/xq02rJJC2c ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. MAI Capital Management has named a new leadership team following the completion of an acquisition it sealed in August for Los Angeles-based Evoke Advisors, which more than doubled MAI’s assets under management and added about 100 additional employees. MAI said on Monday that its AUM now stands at $65 billion, as managed by its 600 employees and led by CEO and Chairman Rick Buoncore. Th ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. HB Wealth, an Atlanta-based RIA integrator with $29 billion in assets, has lifted a five-person team managing nearly $15 billion in assets from J.P. Morgan. As a result, HB, which rebranded from Homrich Berg in August, will open an office in Charlotte, N.C., where the team is located.  HB Wealth CEO Thomas Carroll said one of the RIA firm’s top strategic initiatives is to grow its presence ...

Barron's Advisor Read More This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Private-Equity Firm Combines Businesses To Form Wealth Management Juggernaut Newly reconstituted Wealthspire will have $580 billion in client assets in private accounts and retirement plans. By Da ...

Core Insights - AssetMark Financial plans to acquire Efficient Advisors, which has approximately $3 billion in client assets, enhancing AssetMark's registered investment adviser (RIA) platform [1][2] - The acquisition is expected to close in Q4 2025, pending regulatory approvals and customary closing conditions [1] - This move is part of AssetMark's strategy to expand its presence in the RIA channel and increase the scale of its advisor network [2][3] Company Strategy - AssetMark's growth strategy focuses on disciplined expansion, combining institutional insight with a vision for independent advice [3] - The acquisition reflects a commitment to inorganic growth that strengthens AssetMark's position within the RIA space [3][4] - By integrating Efficient Advisors' evidence-based investment platform, AssetMark aims to enhance the solutions available to advisors and support their business growth [4] Historical Context - This acquisition marks AssetMark's eighth since 2014, following a strategic alliance with Morningstar Wealth and the acquisition of the Morningstar Wealth Turnkey Asset Management Platform [4] - Efficient Advisors' CEO expressed enthusiasm about joining AssetMark, highlighting a shared commitment to advisor-centric service [5][6]

Fortress Wealth Group (FWG Holdings) reduced its position in the First Trust Mid Cap Core AlphaDEX Fund (FNX +0.46%) in the third quarter, selling an estimated $3.3 million based on average prices during the quarter, according to an SEC filing on Thursday.What HappenedFlorida-based Fortress Wealth Group disclosed in a U.S. Securities and Exchange Commission (SEC) Form 13F filing released on Thursday that it sold 27,140 shares of the First Trust Mid Cap Core AlphaDEX Fund (FNX +0.46%) during the third quarte ...